Abocol

completed

Abonos Colombianos S.A. (Abocol or the company) main production facilities are concentrated in the industrial area of Mamonal, Cartagena, Colombia. In addition, Abocol has bulk blending plants in two cities in central Colombia - Villavicencio and Espinal. The company also has four subsidiaries, as follows: FLIQ, a liquid and solubles facility in Bogota, Sociedad Portuaria Mamonal S.A. a private port adapted for 8,000 ton vessels in Cartagena, and two products distributors, one in Villavicencio –Fertillanos- and a second one in Costa Rica –Abocol Costa Rica-.Abocol operations in Cartagena, which include: - the South Plant which consist of an NPK (Nitrogen-Phosphorus-Potassium) Plant, two ammonium nitrate plants, and a calcium nitrate plant, and - the North Plant which is conformed by two nitric acid plants NAN1 and NAN2, an ammonia plant, and the utilities complex, and - a terminal designed to receive ships up to 8,000 tons of capacity used to received raw materials and dispatch products.Abocol produces fertilizers (NPK, calcium nitrate, straights, blends, and foliars –liquid fertilizers) and industrial products (ammonia, nitric acid, and ammonium nitrate 83%) and commercialize straights fertilizers. Abocol has approached IFC with a request for a corporate loan to support the company to expand its operations and to help funding improvements and upgrades to its existing operations in Colombia. As part of this project, Abocol will implement two projects. The first project involves upgrading the technology of the current NPK plant, through the ODDA process maintaining its production capacity at 300,000 MTY of NPK solid granulated, producing the raw material for the production of 100,000 MTY of solid granulated calcium nitrate as by-product, and replacing 85% of mono ammonium phosphate usage with phosphate rock as raw material.The second project involves:- installing a nitric acid plant, with capacity to produce about 80,000 MTY, - installing an ammonium nitrate solution plant with capacity to produce about 82,000 MTY, and - building a calcium nitrate plant, with capacity to produce about 100,000 MTY of calcium nitrate solid granulated and 25.000 MTY of calcium nitrate liquid 100% concentration by 2009.